Minutes 05/18/1976 - Laserfiche WebLink

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i, n .J TUESDAY MAY 18, 1976 3. Mr. Yeaman's tentative estimates suggest a projected surplus in the General Fund in June, 1977 of $155,000.00. I think it is reasonable to project a $20,000.00 surplus balance in the General Fund which will still be a considerable improvement over the 1975 General Fund deficit of $240,000.00. This suggestion will reduce our upcoming revenue needs by $135,000.00. 4. Finally, I again recommend that we follow our 1974 auditor's suggestion that department heads revaluate the outstanding encumbrances charged against the surplus of their departments. If any encumbrances are outdated - if there are no corresponding purchase orders or definite plans, then the encumbrances should be freed and the money returned to surplus. Meanwhile, it was indicated that the complete proposed 1976-77 budget will be available to Councilmen by the early part of the week beginning May 24th, following which--as suggested by Councilman Fitz-Hugh--the Council would begin its study of same by concentrating on sections thereof or by an orderly fund-by-fund process. Mr. W. K. Putney, Jr., Chairman of the City School Board, and Dr. James E. Calkins, Superintendent of the City School System, appeared before Council and urged the adoption of the School's 1976-77 budget as soon as possible, pointing out that the School Board's budget request represents the individual and collective best judgment of the members toward meeting c_ the local educational needs as well as complying with State mandates and requirements. Some discussion followed pertaining to City Manager Noland's recommendation regarding the proposed School Budget, it being recognized by all concerned that a local governing body can make only a lump-sum appropriation to school boards and (that) local school boards have sole authority and discretion as to how funds are spent. After further